SQUAWK BOX, WEDNESDAY 19TH AUGUST, 2020

SQUAWK BOX, WEDNESDAY 19TH AUGUST, 2020

A historic high for the S&P 500 as the index manages to recoup its entire Coronavirus losses with a 54 per cent jump from the lows of March. This marks the end of the shortest American bear market in history. U.S. Treasury Secretary Steven Mnuchin slams Democrats for delaying a fresh stimulus bill and tells CNBC that Main Street is greatly affected by the impasse. Joe Biden is formally announced as the Democratic Party presidential nominee. Key party figures vow Biden will end the ‘chaos’ of the Trump administration. And in Hong Kong, the Hang Seng morning session is cancelled as Typhoon Higos drenches the territory.

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Jaksot(1822)

U.S. ramps up strikes on IRGC sites

U.S. ramps up strikes on IRGC sites

The U.S. strikes at more than 1,000 Iranian sites including IRGC facilities while Tehran retaliates by hitting the U.S. embassy in Riyadh. President Trump says he is prepared to extend the conflict if...

3 Maalis 29min

U.S.-Israeli strikes on Iran intensify

U.S.-Israeli strikes on Iran intensify

U.S. and Israeli strikes on Iran intensify as Tehran retaliates hitting targets across the region including American and British bases. President Trump says the attacks could last for several weeks. C...

2 Maalis 33min

Greens deal major blow to UK's Starmer with Manchester by-election victory

Greens deal major blow to UK's Starmer with Manchester by-election victory

The Green Party wins the Gorton and Denton by-election in Greater Manchester with Labour coming a distant third. The result will pile more pressure and scrutiny on Prime Minister Sir Keir Starmer ahea...

27 Helmi 45min

Nvidia posts blockbuster quarter but markets remain cautious

Nvidia posts blockbuster quarter but markets remain cautious

Amid continuing A.I.-related jitters, Nvidia posts another set of stellar quarterly results but Salesforce disappoints with revenue forecasts coming in below analysts’ expectations. However, both comp...

26 Helmi 26min

Trump hails U.S. economy during record SOTU address

Trump hails U.S. economy during record SOTU address

President Trump delivers the longest SOTU speech in history to defend his second-term record. Trump highlighted progress made on the economy and hailed the ‘golden age’ of America. Several new tech pa...

25 Helmi 25min

A.I. jitters prompt fresh Wall Street tech sell-off

A.I. jitters prompt fresh Wall Street tech sell-off

Wall Street suffers another A.I.-fueled sell-off with enterprise software and private capital leading losses. Investors’ fears reappear following the unveiling of a new Anthropic programming language ...

24 Helmi 30min

Trump retaliates with new tariffs after SCOTUS ruling

Trump retaliates with new tariffs after SCOTUS ruling

U.S. President Donald Trump unleashes a new 15 per cent global baseline tariff – the maximum legal amount – following the Supreme Court’s ruling that reciprocal country-specific levies were illegal. T...

23 Helmi 30min

Brent surpasses $70bbl as Iran tensions heighten

Brent surpasses $70bbl as Iran tensions heighten

Crude prices move higher with Brent now surpassing $70 a barrel after President Trump warns of potential consequences should Iran fail to reach a deal over its nuclear programme. U.S.-based private cr...

20 Helmi 26min

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